The landmark deal will launch the eco-friendly packaging company's range of sustainable packaging solutions across Europe and Asia-Pacific.
Australia's BioPak has announced a new partnership with Swedish business Duni AB that will provide a platform for its long-term international expansion.
"BioPak has experienced unprecedented growth and we are delighted to partner with Duni in taking our ethos to the global stage, working with a company that shares our values in
sustainability and customer prioritisation,” their CEO Gary Smith said in an announcement.
The new deal will see Duni investing in a 75% share in the eco-friendly packaging company. BioPak notes that it will remain a separate company and continue to trade as is.
BioPak's CEO Gary Smith and founder Richard Fine. Photo: Supplied
The company says they are committed to its long-term growth, with operations in Australia and New Zealand remaining unchanged.
“With Duni’s scale and our influence, we now have an opportunity and the resources to solve the environmental problems associated with single-use disposable packaging on a global scale. We will continue to expand our influence in the industry and play a positive role in society,” BioPak founder and director Richard Fine said.
Duni commended BioPak's "innovative" packaging solutions in reducing waste and the negative environmental impacts of single-use foodservice packaging.
“We have admired BioPak’s consistent promise to provide sustainable products to the foodservice industry, and are now looking forward to collaborating with Gary, Richard and their fantastic team in our common mission,” Duni CEO Johan Sundelin added.
BioPak started back in 2006, aiming for a "world without waste". Aside from the new partnership, the company is expected to continue its expansion across Australia and New Zealand to sell compostable and recyclable packaging, and proceed to roll out its waste minimisation initiative – the recently launched BioPak Compost Service.
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